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Web Application Firewall (WAF) Market Trends 2021-26 | Industry Share, Size, Growth and Forecast

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The global web application firewall market exhibited strong growth during 2015-2020. Looking forward, the market expects to grow at a CAGR of around 19% during 2021-2026, according to the latest report by IMARC Group.

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A web application firewall (WAF) is an application firewall that is deployed via a proxy and used for monitoring the network traffic on web-enabled applications. These hardware- or software-based solutions are used for filtering and blocking HTTP traffic to and from a web application in an attempt to prevent attacks that may include file inclusion, cross-site forgery, SQL injection, cross-site scripting and improper system configuration. These firewalls assist in establishing a secure barrier between the computer and the external environment. They are also essential in filtering an information source through the process of whitelisting and/or blacklisting. This helps in providing agile protection to the applications against web attacks and enhanced visibility of web traffic within affordable costs.

Web Application Firewall (WAF) Market Trends 2021-26 | Industry Share, Size, Growth and Forecast 3

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Web Application Firewall Market Trends:

The market is primarily driven by the rising occurrence of cyberattacks and internet frauds on the global level. As a result, WAF technologies are widely deployed by numerous organizations to prevent the instances of such malpractices, including phishing, malware and security threats. The market is further driven by the increasing adoption of cloud-based computing technologies across various enterprises, coupled with the rising number of initiatives undertaken by the governments of multiple countries to spread awareness regarding the importance of cybersecurity. The cloud-based variants of the WAF solutions also are widely being adopted as they secure crucial data and the overall network, even when the user is offline, which is acting as another major growth-inducing factor. There has been a significant increase in the utilization of WAF products in the healthcare sector. These firewalls are extensively used to avoid unauthorized access to electronic patient records and crucial healthcare networks, which is contributing to the market growth. The market is further driven by the growing utilization of virtual cloud resources, considerable improvements in the information technology (IT) infrastructure and the extensive research and development (R&D) activities conducted by numerous players.

Global Web Application Firewall Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of the key players being Akamai Technologies Inc., Applicure Technology Ltd., Barracuda Networks Inc., Citrix Systems Inc., Cloudflare Inc., Ergon Informatik AG, F5 Networks Inc., Fortinet Inc., Imperva Inc., Nsfocus Information Technology Co. Ltd., Penta Security Systems Inc. (Finleap), Qualys Inc. and Radware Ltd.

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The report has segmented the market on the basis of Deployment, Organization Size, Service, End User and Region.

Breakup by Deployment:

  • Cloud-based
  • On-premises

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Service:

  • Professional services
  • Managed services

Breakup by End Use Industry:

  • Government and Defense
  • BFSI
  • Retail
  • Healthcare
  • IT and Telecom
  • Energy and Utilities
  • Manufacturing
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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